Point72 Hong Kong Ltd Invests $1.39 Million in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Point72 Hong Kong Ltd bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,905 shares of the company’s stock, valued at approximately $1,388,000.

Several other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after purchasing an additional 423,456 shares during the period. Millennium Management LLC acquired a new position in Bright Horizons Family Solutions in the 2nd quarter valued at about $28,995,000. Point72 Asset Management L.P. raised its holdings in Bright Horizons Family Solutions by 64.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock valued at $62,792,000 after acquiring an additional 222,823 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Bright Horizons Family Solutions by 174.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after acquiring an additional 218,707 shares during the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the third quarter worth approximately $13,639,000.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the sale, the chief operating officer now owns 31,825 shares of the company’s stock, valued at approximately $4,476,186.25. This represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BFAM shares. The Goldman Sachs Group increased their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barclays raised their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Friday, November 22nd. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley boosted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.50.

Bright Horizons Family Solutions Trading Up 0.3 %

NYSE BFAM opened at $115.63 on Monday. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 58.11 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a twelve month low of $86.79 and a twelve month high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average is $126.22 and its 200 day moving average is $122.62.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 earnings per share. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.